Google Giving Out Payraises Fearing Competitors May Steal Employees

Even as the economy trudges along, Silicon Valley is one area of the country where business is booming.
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Google isn't taking any risks in this business climate. 10% raises across the board for all its employees.

High tech companies like Google and Facebook face stiff competition from other business that may try to lure their employees with more lucrative salaries and benefit packages, and in this climate, they aren’t putting anything to risk.

Google recently gave all 23,000 employees around the world a 10% pay raise to keep their employees at their desks and working hard as other companies that are expanding rapidly such as Facebook try to lure their competitors employees to work for them.

Even with all the stock options and investment packages that companies offer, it was found that what workers wanted most was a bump in their paychecks.